Use the Following Information for the Next 2 Questions

question 62

Multiple Choice

Use the following information for the next 2 questions.
Gholson, Inc. employs a process costing system in which direct materials are added at the beginning of the process. Direct material costs from the prior period for beginning work in process are $1,250. The current period's direct material costs total $31,500. The company began the period with 500 units, 70% complete, started 10,500 units, and finished the period with 1,000 units, 40% complete.
-Using a FIFO system, the direct material cost per equivalent unit is

• A) $3.00
• B) $2.98
• C) $3.20
• D) $2.55

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Definitions:

Friendship

A personal bond or relationship between individuals characterized by mutual affection, trust, and support.

Transitional Loneliness

The feeling of loneliness and isolation that can occur during significant changes or transitions in a person's life.

Job Opportunity

An opening or vacancy for employment that offers a person the chance to work in a desired field or position.

Friends

Individuals with whom one shares a bond of mutual affection, typically exclusive of sexual or family relations.